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You can’t enter more than 20 emails. You must enter the verification code below to send. Invalid entry: Please type the verification code again. 133 million deal for the upper portion of ABC Carpet’s flagship store is an example of office space edging into territory that once was retail’s domain. Want to Buy a Luxury Hotel in the U. Try China’s Insurance Regulator When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.
New York’s Commercial Property Slump Shows Signs of Slowing After a two-year plunge, brokers are optimistic that more deals will take place in 2018. NYC Council Stops Midtown Tower Construction Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,. Now They Court Them Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they’re giving health clubs some of their best real estate.